BAHUBALI foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.bahubalionline.com/#openaccount, about the company's legal and temporary regulatory information, the company's address Bahubali, 3/10, Akash Ganga, Bhilai, Chhattisgarh, 490023.
BAHUBALI Forex Broker
Basic Information
India
5-10 years Suspicious Regulatory License Self-developed Suspicious Scope of Business High potential riskCompany profile
Rating Index
Pros
Offers a range of financial instruments including forex, CFDs, commodities, and indices.
Established presence since 1994, providing a sense of experience in the industry.
User-friendly trading platform with decent execution speed and competitive spreads.
Cons
Lacks proper regulation, raising concerns about safety and trustworthiness for traders.
No access to popular trading platforms like MetaTrader 4 or MetaTrader 5.
Limited customer support options and no insurance for clients, which may deter some investors.
Bahubali Forex Broker - Complete Information Guide
1. Broker Overview
Bahubali broker, officially known as Shree Bahubali Stock Broking Limited, was established in 1994. The company is headquartered at 12, India Exchange Place, Jute House, 3rd Floor, Kolkata - 700001, India. As a publicly held company, Bahubali broker aims to provide a range of trading services to clients globally. The primary market focus includes retail forex trading, catering to individual traders seeking to engage in the forex and CFD markets.
Over the years, Bahubali broker has developed a reputation in the financial industry, although it is noted for lacking comprehensive regulatory oversight. The company has been operational for nearly three decades, marking significant milestones in its journey, including the expansion of its service offerings and client base. As it stands, Bahubali operates primarily as a forex brokerage, providing access to various financial instruments, including foreign exchange, commodities, and indices.
The business model of Bahubali broker is centered around retail forex trading, allowing individual traders to participate in the global forex market. Despite its long-standing presence, it is essential to note that the broker is still in the process of establishing itself within the competitive landscape of forex and CFD trading.
2. Regulation and Compliance Information
Bahubali broker operates in a regulatory environment that raises concerns among potential clients. Currently, the broker is unregulated, which means it does not fall under the oversight of any recognized financial authority. This lack of regulation can pose significant risks for traders, as there is no governing body to ensure the protection of client funds or enforce compliance with industry standards.
There are no specific regulatory numbers associated with Bahubali broker, and it does not hold any licenses from major regulatory agencies. Consequently, clients should exercise caution when engaging with this broker, as the absence of regulation can lead to potential risks, including the mismanagement of funds.
The company does not provide information regarding client fund segregation policies, nor does it participate in any investor compensation schemes. Furthermore, Bahubali broker has not disclosed its KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, which are critical for safeguarding against fraud and illegal activities.
3. Trading Products and Services
Bahubali broker offers a diverse range of trading products aimed at meeting the needs of various traders. The broker provides access to a selection of forex currency pairs, though the exact number of pairs available has not been specified in the available information. The primary currency pairs typically include major currencies such as EUR/USD, GBP/USD, and USD/JPY.
In addition to forex trading, Bahubali broker offers CFD products across multiple asset classes, including indices, commodities, and stocks. However, details regarding specific indices or commodities available for trading are not extensively covered in the sources. The broker may also provide unique trading products that cater to specific market demands, although specifics on such offerings are limited.
The frequency of product updates and the introduction of new trading instruments have not been clearly defined, suggesting that traders may want to inquire directly with the broker for the latest offerings. Bahubali brokers retail trading services are designed to facilitate individual traders, while there is no mention of services tailored for institutional clients or white-label solutions.
4. Trading Platform and Technology
Bahubali broker does not support the widely used MetaTrader 4 or MetaTrader 5 platforms, which may limit its appeal to traders familiar with these popular trading platforms. Instead, the broker may offer its proprietary trading platform, although specific details about its features and capabilities have not been provided.
The broker does have a web-based trading platform, which allows clients to trade directly from their browsers. However, there is no information available regarding the availability of a mobile application for iOS or Android devices, which is crucial for traders who prefer to manage their accounts on the go.
As for the execution model, Bahubali broker's specific execution type, whether ECN (Electronic Communication Network), STP (Straight Through Processing), or market-making, has not been disclosed. Additionally, the location of its servers and the underlying technological infrastructure that supports its trading operations remain unclear.
There is no mention of API access or support for automated trading, which are essential features for advanced traders looking to implement algorithmic trading strategies.
5. Account Types and Trading Conditions
Bahubali broker provides various account types, including a standard account, which generally requires a minimum deposit. However, specific details regarding the minimum deposit amount, spreads, and commissions for this account type have not been disclosed.
Advanced account types, such as VIP or professional accounts, are not specifically mentioned, indicating that the broker may have a more simplified account structure. There is also no information available about the availability of special accounts, such as Islamic accounts or corporate accounts.
The policy regarding demo accounts is not specified, which may be a consideration for traders looking to practice before committing real funds. Leverage options are not detailed, although it is common for forex brokers to offer varying leverage ratios depending on the asset class.
The minimum trade size and overnight fees associated with holding positions overnight were not provided in the available information, suggesting that potential clients should inquire directly with the broker for these details.
6. Fund Management
Bahubali broker supports a variety of deposit methods, including bank transfers and credit cards, though specifics on electronic wallets or other payment options are not mentioned. The minimum deposit requirements vary depending on the account type, but exact figures have not been disclosed.
The processing time for deposits is unspecified, which may lead to uncertainty for traders looking to fund their accounts quickly. Additionally, there is no information regarding any deposit fees that may apply.
Withdrawal options are also limited in detail, with no clear information on the methods available or any restrictions that may apply. The processing time for withdrawals is not specified, nor is there clarity on the fee structure associated with withdrawals.
7. Customer Support and Educational Resources
Bahubali broker offers several support channels, including telephone and email assistance. However, there is no mention of online chat support or social media engagement, which could limit accessibility for clients seeking immediate assistance.
The hours of operation for customer support are not specified, nor is there information regarding the time zone coverage for their services. The absence of multi-language support is also a notable gap, as it could affect non-English speaking clients.
In terms of educational resources, the broker does not provide extensive materials such as webinars, tutorials, or e-books, which are valuable for traders looking to enhance their knowledge. Market analysis services, including daily analysis, news updates, and research reports, are not mentioned, indicating a potential area for improvement in client education.
8. Regional Coverage and Restrictions
Bahubali broker primarily serves clients in India, with its operations focused on the domestic market. The presence of regional offices is not detailed, suggesting that traders may need to rely on online services for support.
There is no explicit list of countries or regions from which clients are not accepted, but the unregulated status of the broker may imply restrictions in certain jurisdictions. Additionally, special limitations regarding account types or trading activities are not provided, indicating that potential clients should consult the broker for comprehensive information.
In summary, while Bahubali broker has established itself within the forex trading landscape, its lack of regulation and comprehensive service offerings may raise concerns for potential clients. Traders are encouraged to conduct thorough research and consider their options before engaging with this broker.